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Warner Bros (WBD)
NASDAQ:WBD
WBD Analyst Ratings
Moderate Buy
4 Buy
10 Hold
0 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
WBD Stock 12 Month Forecast
Average Price Target
$16.67
▼(-12.22% Downside)
| Highest Price Target$24.00 | Average Price Target$16.67 | Lowest Price Target$13.00 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Detailed List of Analyst Forecasts
UBS
$10→$20
Hold
5.32%
Upside
Reiterated
10/06/25
Raymond James
$13→$22
Buy
15.85%
Upside
Reiterated
10/02/25
Warner Bros: Buy Rating Upgraded Amid Potential M&A and Strategic Bidding InterestWe reiterate our Outperform rating and raise price target to $22, from $13, as we update our model for recent trends ahead of 3Q25 results and adjust valuation to take into account potential M&A scenarios. Please let us know if you want our WBD post-split model and SOTP, or our HBO Max/Paramount+/Peacock hypothetical merger/synergy model.
Bank of America Securities
$16→$24
Buy
26.38%
Upside
Reiterated
09/30/25
Strategic Split and Strong Performance Drive Warner Bros Buy RatingWe anticipate WBD’s 3QE will reflect a continuation of strong momentum in but continued challenges in linear advertising. WBD has continued strong performance at the box office and appears on track to meaningfully outperform the company’s target of $2.4bn in CY25E Studios EBITDA. We forecast 3QE revenue of $9.13bn (-5% Y/Y) and adj. EBITDA of $2.26bn (-7% Y/Y).
Bernstein
$16
Hold
-15.75%
Downside
Reiterated
09/30/25
KeyBanc
―
Hold
―
Downgraded
09/25/25
Unknown Analyst
Mizuho SecuritiesNot Ranked
Mizuho Securities
$13→$15
Hold
-21.01%
Downside
Reiterated
09/25/25
Morgan Stanley
$13→$15
Hold
-21.01%
Downside
Reiterated
09/24/25
TD Cowen
$14
Hold
-26.28%
Downside
Downgraded
09/16/25
TR | OpenAI - 4o
$17→$20.5
Hold
7.95%
Upside
Reiterated
09/13/25
AI Generated ArticleAI Generated Article
Benchmark Co.
$18
Buy
-5.21%
Downside
Reiterated
09/12/25
Analysts Offer Insights on Communication Services Companies: Warner Bros (NASDAQ: WBD) and Paramount Skydance (NASDAQ: PSKY)We reiterate Warner Bros. Discovery as a Benchmark Best Idea with ‘as is’ organic stock upside to Benchmark’s $18 price target now reinforced by an apparent likely bid from Paramount Skydance as early as next week.
Unknown Analyst
Mizuho SecuritiesNot Ranked
Mizuho Securities
$13→$14
Hold
-26.28%
Downside
Reiterated
09/11/25
Needham
―
Hold
―
Reiterated
09/11/25
Mixed Financial Indicators Lead to Hold Rating for Warner Bros. DiscoveryWe think graphs in this report support the following key takeaways for 2Q25: 1. WBD has done a good job of cutting full-time employees (FTEs) as its revenue has declined, so its Revenue/FTE has been about flat between FY21 and 2Q25. Positive 2. WBD's FCF/FTE declined by 63% between FY21 and 2Q25. Negative 3. WBD had one of the lowest (best) SBC/FTE of any company we cover at $20K/year/FTE in 2Q25. P ositive 4. Compared to averages for the 9 large cap companies we cover: WBD's Revenue/FTE was 23% below average ( Negative); WBD's FCF/FTE was 42% below average ( Negative); WBD's FCF/FTE has fallen the fastest (worst), down 42% over the past 4 years ( Negative); and, WBD's SBC/FTE was 80% below (ie, better than) the average ( Positive).
Wells Fargo
$13→$14
Hold
-26.28%
Downside
Reiterated
09/11/25
Barclays
$13
Hold
-31.54%
Downside
Reiterated
08/13/25
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
UBS
$10→$20
Hold
5.32%
Upside
Reiterated
10/06/25
Raymond James
$13→$22
Buy
15.85%
Upside
Reiterated
10/02/25
Warner Bros: Buy Rating Upgraded Amid Potential M&A and Strategic Bidding InterestWe reiterate our Outperform rating and raise price target to $22, from $13, as we update our model for recent trends ahead of 3Q25 results and adjust valuation to take into account potential M&A scenarios. Please let us know if you want our WBD post-split model and SOTP, or our HBO Max/Paramount+/Peacock hypothetical merger/synergy model.
Bank of America Securities
$16→$24
Buy
26.38%
Upside
Reiterated
09/30/25
Strategic Split and Strong Performance Drive Warner Bros Buy RatingWe anticipate WBD’s 3QE will reflect a continuation of strong momentum in but continued challenges in linear advertising. WBD has continued strong performance at the box office and appears on track to meaningfully outperform the company’s target of $2.4bn in CY25E Studios EBITDA. We forecast 3QE revenue of $9.13bn (-5% Y/Y) and adj. EBITDA of $2.26bn (-7% Y/Y).
Bernstein
$16
Hold
-15.75%
Downside
Reiterated
09/30/25
KeyBanc
―
Hold
―
Downgraded
09/25/25
Unknown Analyst
Mizuho SecuritiesNot Ranked
Mizuho Securities
$13→$15
Hold
-21.01%
Downside
Reiterated
09/25/25
Morgan Stanley
$13→$15
Hold
-21.01%
Downside
Reiterated
09/24/25
TD Cowen
$14
Hold
-26.28%
Downside
Downgraded
09/16/25
TR | OpenAI - 4o
$17→$20.5
Hold
7.95%
Upside
Reiterated
09/13/25
AI Generated ArticleAI Generated Article
Benchmark Co.
$18
Buy
-5.21%
Downside
Reiterated
09/12/25
Analysts Offer Insights on Communication Services Companies: Warner Bros (NASDAQ: WBD) and Paramount Skydance (NASDAQ: PSKY)We reiterate Warner Bros. Discovery as a Benchmark Best Idea with ‘as is’ organic stock upside to Benchmark’s $18 price target now reinforced by an apparent likely bid from Paramount Skydance as early as next week.
Unknown Analyst
Mizuho SecuritiesNot Ranked
Mizuho Securities
$13→$14
Hold
-26.28%
Downside
Reiterated
09/11/25
Needham
―
Hold
―
Reiterated
09/11/25
Mixed Financial Indicators Lead to Hold Rating for Warner Bros. DiscoveryWe think graphs in this report support the following key takeaways for 2Q25: 1. WBD has done a good job of cutting full-time employees (FTEs) as its revenue has declined, so its Revenue/FTE has been about flat between FY21 and 2Q25. Positive 2. WBD's FCF/FTE declined by 63% between FY21 and 2Q25. Negative 3. WBD had one of the lowest (best) SBC/FTE of any company we cover at $20K/year/FTE in 2Q25. P ositive 4. Compared to averages for the 9 large cap companies we cover: WBD's Revenue/FTE was 23% below average ( Negative); WBD's FCF/FTE was 42% below average ( Negative); WBD's FCF/FTE has fallen the fastest (worst), down 42% over the past 4 years ( Negative); and, WBD's SBC/FTE was 80% below (ie, better than) the average ( Positive).
Wells Fargo
$13→$14
Hold
-26.28%
Downside
Reiterated
09/11/25
Barclays
$13
Hold
-31.54%
Downside
Reiterated
08/13/25
Best Analysts Covering Warner Bros
1 Month
xxx
Success Rate
12/18 ratings generated profit
Average Return
+2.54%
reiterated a xxx
rating 26 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 66.67% of your transactions generating a profit, with an average return of +2.54% per trade.
3 Months
xxx
Success Rate
5/8 ratings generated profit
Average Return
+13.98%
reiterated a xxx
rating 2 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 62.50% of your transactions generating a profit, with an average return of +13.98% per trade.
1 Year
Success Rate
8/8 ratings generated profit
Average Return
+76.59%
reiterated a buy rating 2 months ago
Copying Patrick Sholl's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +76.59% per trade.
2 Years
xxx
Success Rate
8/8 ratings generated profit
Average Return
+76.59%
reiterated a xxx
rating 2 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 100.00% of your transactions generating a profit, with an average return of +76.59% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
WBD Analyst Recommendation Trends
Rating
Jun 25
Jul 25
Aug 25
Sep 25
Oct 25
Strong Buy
11
8
3
2
1
Buy
10
15
20
14
10
Hold
22
26
25
31
23
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
43
49
48
47
34
Each month's total comprises the sum of three months' worth of ratings.
WBD Financial Forecast
WBD Stock Forecast FAQ
What is WBD’s average 12-month price target, according to analysts?
Based on analyst ratings, Warner Bros’s 12-month average price target is 16.67.
What is WBD’s upside potential, based on the analysts’ average price target?
Currently there's no upside potential for WBD, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is WBD a Buy, Sell or Hold?
Warner Bros has a consensus rating of Moderate Buy which is based on 4 buy ratings, 10 hold ratings and 0 sell ratings.
What is Warner Bros’s price target?
The average price target for Warner Bros is 16.67. This is based on 14 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $24.00 ,the lowest forecast is $13.00. The average price target represents -12.22% Decrease from the current price of $18.99.
The highest analyst price target is $24.00 ,the lowest forecast is $13.00. The average price target represents -12.22% Decrease from the current price of $18.99.
What do analysts say about Warner Bros?
Warner Bros’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 14 Wall Streets Analysts.
How can I buy shares of WBD?
Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.